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Aug 21 - 04:55 PM

USD/JPY - Uptrend Intact Above 200-Hour MA, New 2023 Highs Eyed

By Randolph Donney  —  Aug 21 - 03:35 PM
  • USD/JPY is almost back up to Aug's 2023 peak at 146.565

  • Fri's pullback was caught by the rising 200-HMA, last at 145.10

  • Dip-buying bias persists while above that MA

  • Some risk of bearish divergence by RSIs if new price highs are limited

  • There are one-off historical hurdles at 146.59/79 on EBS

  • Upper 30-wk and day Bollis are at 147.00/28 and rising

  • 2023's rising channel top will be at 148.31 on Tuesday

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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